Welcome to Deep Yellow

Deep Yellow Limited (DYL) is an Australian-based pure uranium exploration Company with extensive operations in the southern African nation of Namibia and in Australia.

DYL’s principal development focus in Namibia is through its 100% owned subsidiary Reptile Uranium Namibia P/L (Reptile) at the mid to high grade INCA primary uraniferous magnetite project and the extensive secondary calcrete deposits contained in the Tumas-Oryx-Tubas palaeochannel and fluviatile sheetwash systems.

In Australia the Company is focused on resource delineation of discoveries in the Mount Isa district - Queensland, these include the Queens Gift, the Conquest and Slance Prospects and within the Isa West Project area, the Eldorado, Thanksgiving, Bambino and Turpentine Prospects.

A pipeline of other projects and discoveries in both countries are continually being examined and there is extensive exploration potential for new, additional uranium discoveries in both Namibia and Australia.

Nuclear energy (and uranium as fuel ) is rapidly gaining ground as an alternate base load source of electricity as the effects of fossil fuel burning and its contribution to global warming is being recognised. This realisation and looming shortages of uranium bodes well for the future of uranium and its price. DYL is setting itself up to be a supplier of this strategic metal through aggressive and successful exploration and project acquisition programmes.

The Board approved a 2009-2010 exploration budget of $20 million. Expenditure levels will approximate $2 million per month through to November as a result of the intensive drill programmes underway. More »

Corporate

Market Capitalisation ~ $393M (at 35 cents)
Well-funded with ~ $47M in cash and liquid assets

Namibia - Exploration

Exploration in Namibia is carried out by Reptile Uranium Namibia (Pty) LTD (Reptile) a wholly owned subsidiary of Deep Yellow Limited (DYL).

Namibia - Development

The Omahola Project comprises the INCA uranium and iron and Tubas Red Sand (TRS) uranium deposits.

Queensland Review

DYL’s Mt Isa District tenement holdings cover ground that is held 100% and tenements subject to the Isa West JV with Xstrata and the Leichhardt JV with Universal Resources.